Time to start a Bartering System or Time Bank.

In these difficult times, I think we need to put in place a Bartering System or time bank.

For all those that are unemployed, hungry, no place to live. We are all useful in some way or another. It is time to take back the old ways of being able to live without corporate greed. We need to open our hearts and our lives to those who are really in need.

I would love any thoughts and feedback.

Looking for any feedback. Webpage knowledge, ideas. Anything that will help all of our brothers and sisters in need. This is a great way to help everyone.

the concept is very common in less "wealthy" parts of theworld before i moved to the USA i used to use barter and i called it favors i owed or was owed rather than time bank.

im starting a small website/message board to try and encourage it in my isolated rural area and a few others are also interested.

There has been attempts at large scale barter networks.Australia used to have a bartercard but i think for it to realy work it needs to be first working locally with people you know for it to work you need a real communitywhich a modern American neighborhood is not.

craigslist is another attempt but has become fullof scams and spam.

like they say its rare to even speak to or know anything about our neighbors these days how are we supposed to know what skills or resources our neighbors may have if we never talk to them.

the concept is very common in less "wealthy" parts of theworld before i moved to the USA i used to use barter and i called it favors i owed or was owed rather than time bank.

im starting a small website/message board to try and encourage it in my isolated rural area and a few others are also interested.

There has been attempts at large scale barter networks.Australia used to have a bartercard but i think for it to realy work it needs to be first working locally with people you know for it to work you need a real communitywhich a modern American neighborhood is not.

craigslist is another attempt but has become fullof scams and spam.

like they say its rare to even speak to or know anything about our neighbors these days how are we supposed to know what skills or resources our neighbors may have if we never talk to them.

Quoting: Anonymous Coward 5233023

I would agree with you, everyone is now in here virtual world. Attached to a device that has no human contact.

I would love more information on your website/message board. Would love to share or contribute and maybe start my own. Think about start one at work and going from there as well.

We all know there is a need right now, we just need a bunch of us to resource together and pull the skills we can so we can make this happen. Thank you for you insight and I would love to here from you.

In these difficult times, I think we need to put in place a Bartering System or time bank.

It is time to take back the old ways of being able to live without corporate greed.

Quoting: FilledHeart 3370266

I agree ..

It would also be kinda nifty if we can go back to the old ways of not needing 3 dead bolts,Lock and hasp,security cams,alarms,Cujo for a pet,ak47s' etc. from keeping whatever worthless crap ( we have over payed for ) from getting ripped off.. while we goto our drone under paying jobs for 12 hours a day !

It would also be kinda nifty if we can go back to the old ways of not needing 3 dead bolts,Lock and hasp,security cams,alarms,Cujo for a pet,ak47s' etc. from keeping whatever worthless crap ( we have over payed for ) from getting ripped off.. while we goto our drone under paying jobs for 12 hours a day !

But yea.. I agree..

Well we all have enough worthless stuff in this world. I have been trying to consolidate.

If I can help someone with a few examples, cooking,cleaning,sewing,computer knowledge,mechanical work, feeding someone.

There are so many possibilities to all of this. There are such networks but they are limited.

Corporate greed is also removed by setting a low limit on the size of corporations. This way we also fix:- getting monopolies- keep much better competition- haves less corruptible corporate power in politics- have workers be more closely included in decision making, so they will be more responsible, productive and happy- ...

Only small and medium sized business. I propose no outside investments into companies, let them grow on their own profit, or fail.

If big investments are needed for big industrial stuff, we vote on it with referendums and let government/tax pay for the equipment and let the profits go to reduce tax.

I will add.... there is nothing preventing individual barter, nothing preventing anyone here from setting up an exchange, and nothing preventing liquidating or donating one's 'junk'. Several folks say 'we should do something'. Well. just do it.

The funny thing is I am not talking about currency or money exchanged for goods.

I am taking about traded goods and services.

How can they tax someone for there time and energy or someone bought goods.

Quoting: FilledHeart

It's called income tax. It does not matter the form of the income.

Example, you shingle a roof for a dentist and he fixes you teeth, you both are supposed to report the VALUE of the service you were comensated for, even if the comensation was in the form of another service.

I don't write the law, but that is what the law says.

Don't like it? Contact your congressman and senator and the white house.

Something you maybe overlooked is forming co-ops. You form a group, pool your money and make purchases (food usually) in bulk at a discount, then divide it among the members. Maybe buy potatoes in 50 or 100 pound sacks, or rice or similar items that have a large part of their cost in packaging. Or buy beef or pork by the side or a whole carcass, have it butchered or have members do that, and split it up.

Bartering is the trading of one product or service for another. Usually there is no exchange of cash. It is the most ancient form of commerce. Any business owner or professional who has a product or service to offer can barter

Income from bartering is taxable in the year it is performed. The rules for reporting barter transactions may vary depending on which form of bartering takes place. Refer to Tax Responsibilities of Bartering Participants for more information about reporting income and staying in compliance.

I had an idea some years back which I've never done anything with but in short it would be a web-page like craigslist - organized by locale and would be called "TIME BROKERS"...the idea is that people sign up with their needs and their offerings and is traded evenly in time...you are a carpenter who needs an auto mechanic? it could work in credits and would not have to be repaid to the same provider i.e. A might do work for B and B does work for C and C does work for A ...again it could be tracked with hourly credits and could charge a nominal fee used to support the website and "police" the contractual end of things...when you eliminate money you eliminate inequality and you also eliminate a trail of paper by which you can be TAXED...my idea is that all labor is credited equally as the common denominator for all men is their TIME....what do you think?

I had an idea some years back which I've never done anything with but in short it would be a web-page like craigslist - organized by locale and would be called "TIME BROKERS"...the idea is that people sign up with their needs and their offerings and is traded evenly in time...you are a carpenter who needs an auto mechanic? it could work in credits and would not have to be repaid to the same provider i.e. A might do work for B and B does work for C and C does work for A ...again it could be tracked with hourly credits and could charge a nominal fee used to support the website and "police" the contractual end of things...when you eliminate money you eliminate inequality and you also eliminate a trail of paper by which you can be TAXED...my idea is that all labor is credited equally as the common denominator for all men is their TIME....what do you think?

Quoting: Anonymous Coward 1428001

For every hour you spend doing something for someone in your community, you earn one Time Dollar. Then you have a Time Dollar to spend on having someone do something for you. It's that simple. [link to akrontimebank.org]

could a system be set up where a site like glp could be the banker and people with skills advatise there skills in exchange for work they need doing in return a sytem would need to be sorted that certain jobs carry a certain number of points and you could build up or use those points I would certainly be interested

In these difficult times, I think we need to put in place a Bartering System or time bank.

For all those that are unemployed, hungry, no place to live. We are all useful in some way or another. It is time to take back the old ways of being able to live without corporate greed. We need to open our hearts and our lives to those who are really in need.

I would love any thoughts and feedback.

Looking for any feedback. Webpage knowledge, ideas. Anything that will help all of our brothers and sisters in need. This is a great way to help everyone.

If we all were to help each other in this it could be amazing.

This is a honest idea and comes from the heart.

God Bless and much love.

FilledHeart.

Quoting: FilledHeart 3370266

They already are where we are at, plenty of organic food markets bardering and using local bucks for goods and services. Also there are tons of sites online such as [link to www.tradeaway.com]

this may not be of interest to many but may well be worth looking into Islamic banking has the same purpose as conventional banking: to make money for the banking institute by lending out capital. Because Islam forbids simply lending out money at interest (see riba), Islamic rules on transactions (known as Fiqh al-Muamalat) have been created to avoid this problem. The basic technique to avoid the prohibition is the sharing of profit and loss, via terms such as profit sharing (Mudharabah), safekeeping (Wadiah), joint venture (Musharakah), cost plus (Murabahah), and leasing (Ijar).

In an Islamic mortgage transaction, instead of loaning the buyer money to purchase the item, a bank might buy the item itself from the seller, and re-sell it to the buyer at a profit, while allowing the buyer to pay the bank in installments. However, the bank's profit cannot be made explicit and therefore there are no additional penalties for late payment. In order to protect itself against default, the bank asks for strict collateral. The goods or land is registered to the name of the buyer from the start of the transaction. This arrangement is called Murabahah. Another approach is EIjara wa EIqtina, which is similar to real estate leasing. Islamic banks handle loans for vehicles in a similar way (selling the vehicle at a higher-than-market price to the debtor and then retaining ownership of the vehicle until the loan is paid).

An innovative approach applied by some banks for home loans, called Musharaka al-Mutanaqisa, allows for a floating rate in the form of rental. The bank and borrower form a partnership entity, both providing capital at an agreed percentage to purchase the property. The partnership entity then rents out the property to the borrower and charges rent. The bank and the borrower will then share the proceeds from this rent based on the current equity share of the partnership. At the same time, the borrower in the partnership entity also buys the bank's share of the property at agreed installments until the full equity is transferred to the borrower and the partnership is ended. If default occurs, both the bank and the borrower receive a proportion of the proceeds from the sale of the property based on each party's current equity. This method allows for floating rates according to the current market rate such as the BLR (base lending rate), especially in a dual-banking system like in Malaysia.

There are several other approaches used in business transactions. Islamic banks lend their money to companies by issuing floating rate interest loans. The floating rate of interest is pegged to the company's individual rate of return. Thus the bank's profit on the loan is equal to a certain percentage of the company's profits. Once the principal amount of the loan is repaid, the profit-sharing arrangement is concluded. This practice is called Musharaka. Further, Mudaraba is venture capital funding of an entrepreneur who provides labor while financing is provided by the bank so that both profit and risk are shared. Such participatory arrangements between capital and labor reflect the Islamic view that the borrower must not bear all the risk/cost of a failure, resulting in a balanced distribution of income and not allowing the lender to monopolize the economy.

Islamic banking is restricted to Islamically acceptable transactions, which exclude those involving alcohol, pork, gambling, etc. The aim of this is to engage in only ethical investing, and moral purchasing. Islamic Banking and Finance Database provides more information on the subject.

In theory, Islamic banking is an example of full-reserve banking, with banks achieving a 100% reserve ratio.[28] However, in practice, this is not the case, and no examples of 100 per cent reserve banking are observed.[29]

Islamic banks have grown recently in the Muslim world but are a very small share of the global banking system. Micro-lending institutions founded by Muslims, notably Grameen Bank, use conventional lending practices and are popular in some Muslim nations, especially Bangladesh, but some do not consider them true Islamic banking. However, Muhammad Yunus, the founder of Grameen Bank and microfinance banking, and other supporters of microfinance, argue that the lack of collateral and lack of excessive interest in micro-lending is consistent with the Islamic prohibition of this is no my work but is intended for education public in terest only free encylopedia

In these difficult times, I think we need to put in place a Bartering System or time bank.

For all those that are unemployed, hungry, no place to live. We are all useful in some way or another. It is time to take back the old ways of being able to live without corporate greed. We need to open our hearts and our lives to those who are really in need.

I would love any thoughts and feedback.

Looking for any feedback. Webpage knowledge, ideas. Anything that will help all of our brothers and sisters in need. This is a great way to help everyone.

If we all were to help each other in this it could be amazing.

This is a honest idea and comes from the heart.

God Bless and much love.

FilledHeart.

Quoting: FilledHeart 3370266

I totally agree with a barter system. The thing is, though, that a barter system requires an exchange and if you open your arms to those in need, you'll get the same result that OWS did. Moochers will flock to your doorstep and devour everything while offering NOTHING in return. It happens every single time.

Those that WANT help have to OFFER help in return or be turned out. AND, gasp, that sounds an awful lot like capitalism.

In these difficult times, I think we need to put in place a Bartering System or time bank.

For all those that are unemployed, hungry, no place to live. We are all useful in some way or another. It is time to take back the old ways of being able to live without corporate greed. We need to open our hearts and our lives to those who are really in need.

I would love any thoughts and feedback.

Looking for any feedback. Webpage knowledge, ideas. Anything that will help all of our brothers and sisters in need. This is a great way to help everyone.

If we all were to help each other in this it could be amazing.

This is a honest idea and comes from the heart.

God Bless and much love.

FilledHeart.

Quoting: FilledHeart 3370266

I totally agree with a barter system. The thing is, though, that a barter system requires an exchange and if you open your arms to those in need, you'll get the same result that OWS did. Moochers will flock to your doorstep and devour everything while offering NOTHING in return. It happens every single time.

Those that WANT help have to OFFER help in return or be turned out. AND, gasp, that sounds an awful lot like capitalism.

Quoting: N34444

yep got to agree just had one moocher spend 3 months herei wont go into the circumstances but im furious with myself i didnt boot him out a lot sooner.